Terms and Conditions

Navigation and public searching of this website are subject to the Terms and Conditions below:

Guarantees, Responsibilities and Damages

1. Metalfrio does not guarantee that the contents, instruments and materials contained, utilized and offered in this website are exactly up-to-date or complete and does not accept responsibility for damages caused by eventual errors of content or shortcomings of equipment.

2. The Company does not accept express or tacit responsibility for the improper use of the information, instruments or materials made available and/or of the equipment used for this website, for whatever purpose made by any user, who has entire responsibility for eventual harm done to their own rights or of third parties, whether or not caused by this improper use.

3. Under no circumstances, will Metalfrio, its directors, executive officers or employees be held responsible for any direct or indirect, special, incidental or consequential losses or expenses arising out of the connection with this website or use on its part or incapacity of use by anyone, or with regard to any shortcoming in performance, error, omission, interruption, defect or delay in operation or transmission, computer virus or breakdown of line or of the system, even if the Company or its representatives have been advised of the possibility of such damages, losses or expenses.

4. The adequate provisioning of all the resources of the Internet, without exception, is the entire responsibility of the user of this website.

5. Metalfrio does not accept responsibility for the contents of other websites (a) whose addresses are available on the pages of this website or (b) the address of whose website is available to them. The Company does not guarantee the compensation of any damage caused by the websites mentioned in this item.

6. With regard to the exchange of messages between the user and Metalfrio through the Internet, please consult its Privacy Policy.

7. An investment in securities involves a high degree of risk. Please review the Company’s Risk Factors.

Confidential Nature of the User´s Information

Metalfrio reserves the right to improve the functioning of this website because of the analysis and consolidating of the information and suggestions collected and of the opportunities of these for all of the users of the website. For further advice on the use of information collected at this website, please consult its Privacy Policy.

Author´s Copyrights and Intellectual Property

Unless there is any regulation to the contrary, all the contents of the pages of this website, such as information, materials, tools, paging, graphs and drawings belong to Metalfrio or to third parties, who have legally ceded their rights of usage.

Comments on EBITDA and Adjusted EBITDA

EBITDA consists of net income before net financial income (expenses), income and social contribution taxes, depreciation and amortization. EBITDA is a financial performance measure used by Metalfrio’s management. EBITDA is not a financial performance measure calculated in accordance with Brazilian GAAP or U.S. GAAP, and it must not be considered as an alternative to net income as an indicator of operating performance, or as an alternative to operating cash flows as an indicator of liquidity. EBITDA is not calculated using a standard methodology and may not be comparable to the definition of EBITDA or similarly titled measures used by other companies. The Company disclosers its EBITDA because it uses it to measure its performance and because Metalfrio considers it a useful measure that is frequently used by capital market analysts, investors and others to evaluate companies like Metalfrio. However, EBITDA presents limitations that impair its use as a measurement of our profits since it does not consider certain costs arising from the Company´s business that that might significantly impact its results of operations and liquidity, such as financial expenses, taxes, depreciation, capital investments and other related charges.

Adjusted EBITDA consists of EBITDA adjusted for nonoperating expenses and tax incentives. The tax incentives, which reduce Metalfrio´s cash tax liabilities, are credited directly to shareholders’ equity and do not have an impact on its net income. The management considers it appropriate to adjust EBITDA with respect to these tax incentives, because the Company recognizes the integral amount of the ICMS expense in its statement of income, and the reduction of ICMS payable resulting from tax incentives is recorded directly against its shareholders’ equity under “Capital Reserve—Tax Incentives.” Similar to EBITDA, Adjusted EBITDA is not a financial performance measure calculated in accordance with Brazilian GAAP or U.S. GAAP, and it must not be considered as an alternative to net income as an indicator of operating performance, or as an alternative to operating cash flows as an indicator of liquidity. Adjusted EBITDA is not calculated using a standard methodology and may not be comparable to the definition of Adjusted EBITDA or similarly titled measures used by other companies.

Although the EBITDA and Adjusted EBITDA do not provide, according to the Brazilian Accounting Principles (BR GAAP) or the U.S. Accounting Principles (US GAAP), measures of the operational cash flows, Metalfrio management uses EBITDA and Adjusted EBITDA to measure its operating performance. Additionally, the Company management believes that disclosure of EBITDA and Adjusted EBITDA can provide useful information to investors, financial analysts and the public in their review of the Company’s operating performance and its comparison to the operating performance of other companies in the same industry and other industries.

Note: Having accessed this website and some of its pages, the user will have automatically accepted all the Terms and Conditions here laid down. Therefore, please cease the navigation and public searching of the pages of this website in the event of your not agreeing with all of the above Terms and Conditions.